8
QuizMultiple Choice

The Law of Supply

Question 8 • IL-Economics

Which best describes the role the availability of resources plays when a company is considering whether to produce a certain good?

Answer
A
Resources can always be obtained, no matter what the cost.
B
If a resource is difficult to obtain, production costs will be high.
C
Resources play no part in a company’s decision to produce a good.
D
If a resource is easy to obtain, production costs will be high.
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